In particular, the Company's shareholders approved that the Supervisory Board shall continue to consist of nine directors and elected the following candidates to the Board: Jon Fredrik Baksaas, Andrei Baranov, Mikhail Fridman, Kjell Morten Johnsen, Alexey Reznikovich, Ole Bjorn Sjulstad, Sergei Tesliuk and independent directors: Dr. Hans-Peter Kohlhammer and Leonid Novoselsky. Augie Fabela II, Co-Founder and Chairman Emeritus, will continue to serve in an active strategic role for the Company.

The AGM has also re-appointed Ernst & Young as the Company auditor and the AGM agreed to the cancellation of 50,000,000 authorized, but unissued ordinary shares of the Company.

Holders of approximately 91% of the Company's shares were represented at the AGM.

The Supervisory Board also met today and unanimously elected Alexey Reznikovich as Chairman.

For more information about the Company's Supervisory Board and related biographies, please see VimpelCom's web site, www.vimpelcom.com in the "Corporate Profile/Leadership" section.

About VimpelCom

VimpelCom is one of the world's largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada. VimpelCom's operations around the globe cover territory with a total population of approximately 780 million people. VimpelCom provides services under the "Beeline", "Kyivstar", "djuice", "Wind", "Infostrada" "Mobilink", "Leo", "banglalink", "Telecel", and "Djezzy" brands. As of September 30, 2012 VimpelCom had 212 million mobile subscribers on a combined basis. VimpelCom is traded on the New York Stock Exchange under the symbol (VIP). For more information visit: http://www.vimpelcom.com